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Top 5 Pacific Mutual Funds
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ShareCountries from the Pacific Basin region together make up one of the world’s most diverse and economically powerful regions. Cutting-edge technological capabilities and a large and growing savings pool are among the region’s key strengths. Prominent centers of production and developing economies exhibiting rapid growth also ensure that the Pacific region is a lucrative investment destination. Investing in mutual funds from these countries represents a prudent balance between growth opportunities and safety of capital invested.
Below we will share with you 5 top rated Pacific mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect these mutual funds to outperform its peers in the future. To view the Zacks Rank and past performance of all Pacific funds, then click here.
Ivy Pacific Opportunities A (IPOAX) invests at least 80% of its assets in equity securities of large and mid-cap companies. These firms must be those whose securities are traded on Pacific markets or those with half of their operations in the Pacific region. The Pacific mutual fund has a ten year annualized return of 8.38%.
The Pacific mutual fund has a minimum initial investment of $500 and an expense ratio of 1.83% compared to a category average of 1.99%.
Matthews Asian Growth & Income (MACSX) seeks both current income and capital growth over the long term. The majority of the fund’s assets are used to purchase equity securities of companies located in Asia. Equity securities which provide regular dividends constitute the fund’s major investments. The Pacific mutual fund returned 16.86% in the last one year period.
As of March 2010, this Pacific mutual fund held 60 issues, with 2.55% of its total assets invested in Hongkong Land 05 Cv 2.75%.
Guinness Atkinson China & Hong Kong (ICHKX) invests a large proportion of its assets in companies which are subject to the laws of China or Hong Kong. At least 65% of its assets are invested in companies which are part of the Hang Seng Composite index. The Pacific mutual fund has a five year annualized return of 14.68%.
Edmund Harriss is the fund manager and has managed this Pacific mutual fund since 1998.
T. Rowe Price New Asia (PRASX) seeks long term capital appreciation. It invests a large share of its assets in companies located in China, Hong Kong, India, Indonesia, Malaysia, Philippines, Singapore, South Korea, Taiwan, and Thailand. It purchases stocks of companies with varying market capitalizations. It is non- diversified and a no-load fund.
The Pacific mutual fund returned 25.21% over the last one year and has a ten year annualized return of 10.91%.
Allianz AGIC Pacific Rim A (PPRAX) utilizes the majority of its assets to purchase equity securities of companies with economic linkages to Pacific Rim countries. It purchases securities of at least three Pacific region countries at any given time. The Pacific mutual fund returned 4.86% in the last one year period.
The Pacific mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.78% compared to a category average of 1.68%.
To view the Zacks Rank and past performance of all Pacific mutual funds, then click here.
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank at http://www.zacks.com/funds/mutualfund/
Read the full analyst report on IPOAX
Read the full analyst report on MACSX
Read the full analyst report on ICHKX
Read the full analyst report on PRASX
Read the full analyst report on PPRAX
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| Market Summary | Feb 09, 2012 11:17 am ET |